CMC Group and Fort Partners have begun vertical construction on Four Seasons Private Residences Coconut Grove, marking the global luxury brand's first standalone private residences project in Miami and a landmark moment for the neighborhood's waterfront.

What is being built at Coconut Grove's waterfront?

CMC Group and Fort Partners are constructing Four Seasons Private Residences Coconut Grove, a luxury residential tower that represents the Four Seasons brand's inaugural standalone private residences in Miami — meaning no hotel component is attached. The development sits on the Coconut Grove waterfront in Miami-Dade County and signals a new chapter for one of Miami's oldest and most storied neighborhoods.

  • Four Seasons Private Residences Coconut Grove is the brand's first standalone residential project in Miami.
  • Developers CMC Group and Fort Partners are jointly leading the project.
  • The waterfront site places the tower within one of Miami-Dade's most sought-after residential corridors.

Why is Coconut Grove attracting this level of investment?

Coconut Grove has become one of Miami's tightest commercial real estate markets, recording an office vacancy rate of just 7.2% as of early 2026, a figure that has driven both commercial and residential demand in the neighborhood. Global developers and hedge fund executives have surged into the area, drawn by its walkable village character, waterfront access, and constrained supply of premium space.

  • Coconut Grove's 7.2% office vacancy rate is among the lowest in Miami as of early 2026.
  • Surging interest from international developers and institutional investors has accelerated new project timelines.
  • The neighborhood's combination of waterfront amenity and limited inventory continues to push luxury residential valuations upward.

What does vertical construction mean for the project's timeline?

The commencement of vertical construction — the phase in which a building begins rising above its foundation — is a critical milestone that typically signals a project has cleared its most significant financing, permitting, and engineering hurdles. For Four Seasons Private Residences Coconut Grove, the transition to vertical construction indicates that CMC Group and Fort Partners have moved the development from planning into active delivery, with the tower's physical form now beginning to take shape on the waterfront skyline.

What should Miami-Dade residents expect next for this corridor?

The Four Seasons Private Residences Coconut Grove project is likely to accelerate further luxury development pressure along the neighborhood's waterfront, as comparable projects frequently trigger a cluster effect among competing developers. Miami-Dade residents and urban planners should monitor how the influx of high-end residential supply interacts with Coconut Grove's existing infrastructure, public transit access, and the community's longstanding neighborhood character.

Original reporting on this development was first published by PROFILEmiami.